CIMB

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OTHERS CIMB Thai Bank Public Company Limited Shares Suspended from Trading on the Stock Exchange of Thailand (SET), pursuant to new regulations on free float requirements

CIMB GROUP HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
CIMB Thai Bank Public Company Limited Shares Suspended from Trading on the Stock Exchange of Thailand (SET), pursuant to new regulations on free float requirements

CIMB Thai Bank Public Company Limited (“CIMB Thai”), a 94.83%-owned subsidiary of CIMB Bank Berhad (which is in turn a wholly owned subsidiary of CIMB Group Holdings Berhad "CIMB Group" or "the Group"), had its shares suspended from trading on the Stock Exchange of Thailand (SET) effective 5 June 2025 to comply with the new SET regulations on the minimum public shareholding spread.


Prior to the new regulations, CIMB Thai has been paying penalty fees since 2011 for not meeting the 15% minimum float requirement. The new regulations (effective 24 March 2024) replaced the penalty fees and required the suspension of trading of CIMB Thai shares. This could lead to an eventual delisting of CIMB Thai, if the minimum free float requirement is not met within one year and subject to the discretion of SET. CIMB Group has no intention to increase the free float of CIMB Thai’s shares.


This suspension was after a one-year public consultation to provide updates on its non-compliance with the free float requirement and the potential delisting of CIMB Thai shares and there were no objections during the consultations.


The suspension and potential delisting have no impact on CIMB Thai’s customers, operations, or financial soundness. CIMB Thai remains a core subsidiary of the Group and will continue its banking operations as usual.


This announcement is made on a voluntary basis to ensure stakeholders are kept informed of developments involving the Group’s subsidiaries.






Announcement Info

Company Name CIMB GROUP HOLDINGS BERHAD
Stock Name CIMB
Date Announced 06 Jun 2025
Category General Announcement for PLC
Reference Number GA1-06062025-00035